Market Chatter: Oil and Natural Gas Plans INR70 Billion Investment to Build Crude Oil Reserve in India

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Oil and Natural Gas (NSE:ONGC, BOM:500312) plans to invest around 70 billion rupees to develop underground storage in India that can store around 13 MMbbl of crude, Bloomberg reported Monday, citing Chairman Arun Kumar Singh.

The state-owned explorer has acquired land in southern India for the proposed project, and the construction is expected to start soon, Singh told reporters after the company's annual general meeting.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BOIL","symbol_name":"两倍做多彭博天然气ETF-ProShares","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2664882283","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664882283","pubTimestamp":1788229021,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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